Temasek sells most of Seoul Semiconductor stake

Ion Investment, a portfolio company of the Singaporean investment fund, put 4.1 million shares up in a block trade, raising $174.7 million.

Temasek has sold most of its stake in Seoul Semiconductor in an accelerated block trade worth $174.7 million, according to a term sheet.

Ion Investment, a portfolio company under the Singaporean investment fund, held 6.9 million shares in the Korean semiconductor company since 2009 but put 4.1 million shares up in a block trade at an initial price range of 45,000 won to 45,950 won $42-$42.89, a 2.1% - 0% discount to the last...